We are going through this now in our family, and it's probably happening to you or someone you know. It's a reminder that if you're a senior and have one move left, it's so much better to move sooner, rather than later (trying to put a real estate spin on this...
The market is so much different now than it used to be that we should jettison all previous assumptions (paraphrased from a Rob Dawg comment years ago). In the old days, prices would be coming down by now because the demand would have been severely impacted by higher...
Here's the tour of the Solana Beach listing from last night: Nobody is giving away the premium properties. The more premium, the more buyers! ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ I should do more follow-ups on listings seen here previously for market calibration: This RSF...
While a surge in inventory next year would help to change the market dynamics, there isn't any hard evidence of it happening yet: How many would be considered a surge? If the number of new listings rose 10% or even 20%, would anyone notice? Probably not. Using these...
In 2024, you will be able to buy a million-dollar home in San Diego County with 3% down. Thank you taxpayers! What will it take to qualify for a $1,006,250 loan? The P&I payment at 7% is $6,695, and by the time you add PMI, property taxes, insurance, and HOA, the...
Michele and I cruise around twice a week looking at the new listings. I love it because I get to pontificate about the business and give her guidance like a good broker should. She asks many great questions, and today was no exception. She had read the blog post from...
He doesn't mention that we don't get paid up front, we don't get paid along the way, and we only get paid if we successfully close the sale - which in this day and age is harder than ever. View this post on Instagram A post shared by Jared James...
This sold for $5,810,000 on April 28th of last year, which was the last peak of the market- mortgage rates were around 5% then and have risen to just under 8% today. It didn't stop or slow down a buyer from paying a whopping $6,300,000 cash for it today:
Ok, ok - yesterday I said that we're at the highest pricing ever, but the San Diego non-seasonally-adjusted Case-Shiller Index isn't quite there yet. But it feels like record pricing around the north county coastal region, doesn't it? The index dropped eight months in...
If your listing doesn't sell, or your listing agent withdraws it and then 'refreshes' it by inputting it a second time into the MLS, don't be surprised if your phone starts ringing around 7am the next morning - and ring non-stop for hours, days, and weeks. Did you...
